General Ledger

1. What is Key and Descriptive flexfield?

2. What is a Segment?
3. What is the purpose of Management Segment?
4. What is the use of Intercompany Segment?
5. How many Flexfield Qualifiers are there in Chart of accounts?
6. What are Segment Qualifiers? Explain with an example.
7. What is the difference between Flexfield & Segment Qualifiers?
8. What is a Value Set? What are various Validation Types for a Value Set?
9. What is difference between Special & Pair Value Sets?
10. What is the difference between Long List, List Of Values & Pop List?
11. Explain about various Validation Types?
12. What is a Security Rule?
13. How can we implement Cross Validation?
14. What is the purpose of Allow Dynamic Insert? If dynamic inserts is not enabled what will happen?
15. What is the difference between Security Rules & Cross Validation Rules?
16. How will you implement a cross-validation to use code combination?
17. Explain me about revaluation? What is the purpose of revaluation?
18. Explain me about Translation? What is reporting currency?
19. How will u implement reporting currency?
20. What is the difference between Reporting Currency & Translation?
21. How will u transfer sub-ledger accounting entries to reporting ledger?
22. What are the mandatory profile options in GL?
23. Explain Major set-up steps in GL?
24. What the difference between Key & Descriptive Flexfields?
25. What is Consolidation, what is the purpose of Consolidation, how will u implement Consolidation?
26. How will u implement GL journal approval process?
27. Explain me about FSG?
28. How will u implement Intracompany and intercompany accounting?
29. List out at least three important table names in GL?
30. What is Mass Allocation? Explain about the formula used?
31. What is Recurring journal? What are various options available?
32. What is AGIS and Explain?
33. What is GCS and Explain?
34. What is the significance of a Segment and Flexfield Qualifier?
35. What is the difference between Ledger and Ledger Set?
36. Can you secure Ledger Set using Definition Access Set?
37. What are the prerequisites to define Primary Ledger?
38. How many types of ledgers are there? What are they?
39. What is Data Access Set?
40. What is the purpose of Journal Wizard? What are the prerequisites for journal wizard?
41. What are various types of access set?
42. How many types are there for data access set? What are they?
43. What is the use of Account Hierarchy Manager?
44. What is a Control Account? Why do we need these accounts?
45. What is the difference between Journal Document Number, Accounting Sequence Number and Reporting
Sequence Number?
46. At what point of time Accounting Sequence Number is assigned to journal in GL?
47. When can we delete a journal in GL?
48. What is the purpose of Journal Batch Control Total and Journal Control Total?
49. Is it possible to enter Debit and Credit amounts for a given journal line in GL?
50. Is it possible to create a Journal Batch for different accounting periods?
51. What is the purpose of Autocopy Batch in GL?
52. Is it possible to create a journal without a batch?
53. What is a Reconciliation Account? What process do we need to follow to reconcile accounts GL?
54. How many times can we reverse a journal?
55. What are the similarities and differences between Recurring Journal and Mass Allocation?
56. What is the benefit of Account Alias? When can we use this?
57. What are the mandatory qualifiers in Accounting KFF?
58. What is the significance of Legal entity while designing the Primary Ledger?
59. What is the difference between Budget and Budget Organization?
60. Can we enter Budget Amounts for A/c periods, which are NOT opened?
61. What is the purpose of Budgetary Control Group?
62. What is the difference between Planning Budget and Funding Budget?

63. What is the difference between Budget Amounts and Budget Journals?
64. Explain various options available for Budgetary Control?
65. ABC Ltd. has implemented GL with Quarterly Accounting Periods (4 a/c periods per year). Now company
has decided to go for Monthly A/c periods (12 periods per year). Explain the process?
66. How many Secondary Ledgers are possible for one Primary Ledger?
67. How many Reporting Ledgers are possible for one Primary Ledger? Can we enter journals in Reporting
Ledger?
68. ABC Ltd has defined a Value Set with 4 Characters for use in Natural A/c of COA? Now company wants to
increase this to 5 Characters. Explain the process, if this is possible.
69. Is it necessary to define Rollup Groups for use in Summary Accounts?